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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock
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To: sandintoes who wrote (1892)5/16/2001 3:41:49 PM
From: Nadine Carroll   of 2477
 
Peddling misinformation has become standard practice on Wall Street:

"BEA (BEAS: news, msgs, alerts) reported pro forma first-quarter profit of $35.9 million, or 8 cents a share, up from $12.4 million, or 3 cents, a year earlier. Results beat the estimate of analysts polled by First Call/Thomson Financial by a penny."

BEA made 5 cents a share, not 8 cents. 8 cents is pro forma earnings, meaning net income less any expenses the company feels like excluding. But who's counting? None of these so-called analysts, that's for sure.

Now BEA's a great company, no doubt about it. But don't you think that BEA's turning into the next Oracle has already been priced into the stock? It's a high price to pay for 5 cents of earnings in a volatile and difficult market.
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